BITPRISMIA
Deribit, in collaboration with Coinbase, is launching USDC-settled linear options for Bitcoin and Ether on August 19, aiming to enhance accessibility and liquidity in the crypto derivatives market.
Coinbase has completed its acquisition of Deribit, enhancing its derivatives trading capabilities and expanding its ambitions to become a comprehensive global crypto trading platform.
A significant Bitcoin options expiration event worth $4.7 billion is set to occur on August 15, alongside $1.3 billion in Ethereum options, which may impact market activity and trading strategies.
Coinbase has acquired Deribit, a leading crypto derivatives exchange, for $2.9 billion, aiming to strengthen its position in the crypto market and expand its offerings.
The Bitcoin DVOL (Deribit Volatility Index) has surged from 26% to 37%, indicating heightened Bitcoin volatility and potential significant price movements in the near future.
Around 35,000 Bitcoin options contracts with a notional value of $4.1 billion are set to expire on August 8, with market activity showing a put/call ratio of 1.38 and a max pain point of $115,000.
XRP's price surged 12% in 24 hours, reaching its highest level since July 28, driven by traders using a 'straddle' strategy to bet on volatility, and the resolution of the Ripple-SEC case removed a major regulatory hurdle.
On August 8, a significant Bitcoin options expiry event worth $4.11 billion will occur, alongside an Ethereum options expiry of $864.16 billion, which could impact market liquidity and trading activity.
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A significant number of Bitcoin and Ethereum options contracts are expiring, with market participants divided on future price movements, while recent market declines were influenced by US tariff policies.